facebook

traded

+ Submit
Home

/

Deals

/

New York

/

Office

/

Lease

/

27 W 23rd St, New York, NY,...

Edrington Leases 25390 Square Feet At 27 W 23rd St New York From Rosen Group
LEASEDOffice

Edrington Leases 25390 Square Feet At 27 W 23rd St New York From Rosen Group

27 W 23rd St, New York, NY, 10010

$65

$65/SF

Building Size

25,390 SF

Asset Type

Office

Closing

Oct 4, 2017

AI

The property involved in this lease transaction is located at 27 W 23rd St, New York, NY, 10010. It is situated in the New York market and has a total square footage of 25,390 square feet, with a rental rate of $65 per square foot.

Summary of transaction details:

  • Property Type: Lease
  • Transaction Amount: Not disclosed
  • Address: 27 W 23rd St, New York, NY, 10010
  • Market: New York
  • Tenant: Edrington
  • Landlord: Rosen Group
  • Tenant's Rep: Greg Flood-Isaacs and Company, Joel Isaacs
  • Landlord's Rep: Daniel Breiman

The deal features notable representatives from both the tenant and landlord sides. Greg Flood-Isaacs and Company, led by Joel Isaacs, represents the tenant, Edrington, while the landlord, Rosen Group, is represented by Daniel Breiman.

Players

Daniel Breiman

Olmstead Properties

Broker

8 deals

Broker
RG
Rosen GroupLandlord

New York Office Market Snapshot

Boundary boundary · Office · Lease transactions

Loading comparables…

Purchase Price

Annual NOI

Loan Amount

Interest Rate (%)

Loan Term (yrs)

Down Payment (%)

Cap Rate

244046.15%

Cash-on-Cash

-69749.14%

Monthly Payment

$14,164

Annual Debt Svc

$169,964

Annual Cash Flow

$-11,334

DSCR

0.93